Foster Wheeler units win Sadara project

Zug, Swtizerland, October 15, 2012

Subsidiaries of Foster Wheeler's Global Engineering and Construction Group have been awarded an engineering and procurement contract by Sadara Chemical Company for a packaging centre at Jubail Industrial City.

The packaging centre will be part of a world-scale, fully integrated chemicals complex that is being built by Sadara, a joint venture between Saudi Aramco and Dow Chemical Company.

When complete, the complex – the largest ever built in a single phase – will be owned and operated by Sadara.

The packaging centre contract has been awarded as an extension to the front-end engineering design (FEED) contract awarded to Foster Wheeler in 2008.

The Foster Wheeler contract value for the project was not disclosed and will be included in the company’s third-quarter 2012 bookings, the statement said.

The packaging centre, expected to be completed in the second half of 2014, will serve as a logistics handling hub for Sadara’s chemical complex. The facility will handle packaging, storage and loading of high value-added chemical products and performance plastics for road and rail transport within Saudi Arabia and for export to overseas markets.

“Foster Wheeler is honoured to be awarded a contract by Sadara for the packaging centre,” said Umberto della Sala, chief operating officer of Foster Wheeler AG. “This award follows our successful completion of the Feed stage for the packaging centre and reflects our client’s continued confidence in Foster Wheeler’s ability to execute large and technically complex projects. It further continues Foster Wheeler’s long-standing association with Saudi Aramco and Dow.

Foster Wheeler is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. - TradeArabia News Service